With Daffy, you can donate your long-term held investments, including stocks and crypto, directly to your DAF. This allows you to avoid paying capital gains tax on the appreciated value of your assets, and you can claim the full fair market value of your donation as a tax deduction.
Daffy makes the process of donating your appreciated assets simple and straightforward. You can easily transfer your stocks or crypto to your DAF, and then recommend grants to your favorite charities at your convenience. This allows you to consolidate your charitable giving into one transaction, making it easier to manage and track your donations for tax purposes.
Moreover, Daffy's platform is designed to handle the unique complexities of crypto donations, ensuring that you can maximize your tax benefits while supporting the causes you care about.
In conclusion, if you have investments that have been held for more than a year and have appreciated in value, donating them to a DAF like Daffy can provide significant tax advantages. Not only can you avoid capital gains tax, but you can also claim a larger tax deduction, all while supporting your favorite charities. It's a win-win situation for you and the causes you care about.